LNG

Bureau Veritas Marine & Offshore (BV) has awarded an approval in principle (AiP) to EXMAR for its FLNG concept based on the conversion of an existing membrane-type LNGC, supporting the development of offshore gas resources through a flexible and cost-effective floating liquefaction solution.

The Korean Register (KR) has signed a memorandum of understanding (MoU) with HD Hyundai Heavy Industries (HHI), UK-based wind propulsion technology company, BAR Technologies, and the Liberian International Ship & Corporate Registry (LISCR) to jointly develop a 174,000 LNGC fitted with a WindWings® wind-assisted propulsion system.

Baker Hughes and Venture Global LNG are expanding their long-standing collaboration to advance critical US gas infrastructure.

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Shell estimates the war involving Iran has removed 36 mtpa shortfall of LNG supply from the Middle East, President for Integrated Gas Cedric Cremers said at the Gastech trade show in Bangkok, while Oman sought to downplay shipping disruptions through the Strait of Hormuz as “temporary.”

Bangladesh has approved in principle a proposal by China National Energy Engineering & Construction Co (CNEE) to build and operate the country's third floating LNG import terminal, despite the Chinese company's regasification fee being substantially higher than those of existing terminals.

Completion of an EPC re-tender on the Papua LNG development is bringing the project closer to FID. Rebidding of EPC packages with an enlarged panel of Asian contractors and design optimisation helped developers safe close to $4 billion in project cost since 2024, bringing the project CAPEX down to around $14 billion.

Egypt and Turkey are poised to dominate the next phase of Eastern Mediterranean gas development as competition shifts from control of reserves to infrastructure. Egypt’s Idku and Damietta plants are the region’s only large-scale LNG export facilities, with 12 mtpa capacity combined, while replicating them would cost competitors $6-10 billion and take nearly a decade, analysts estimate.

Singapore LNG Corporation (SLNG) is pressing ahead with a second LNG import terminal. Over 95% of Singapore's electricity generation is fuelled by imported LNG, hence Singapore’s trade & industry ministry supports SLNG’s drive to get a second FSRU into operations by the early 2030s.

Saipem is showcasing its FLNGenius and ZR-FLNG solutions at Gastech 2026, targeting offshore gas resources from large conventional fields to remote and associated-gas reservoirs.